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Industry: Transport and haulage

Product: Invoice discounting with Liquidity Plus

Facility size: £1.2 million

The owners of this highly profitable haulage company wished to retire and sell the business to a new management team, backed by a well known venture capitalist.

A stretching prepayment using the Liquidity Plus product was required to finance the purchase of the shares.

Both clearing banks and independent lenders were reviewed, however Close Brothers was chosen being best placed to offer a higher amount of funding.

The high level of cash flow advanced is unusual, yet appropriate for a lucrative firm with an exceptional sales ledger and no other debt.

Now the transaction is complete, the new owners plan to organically grow the business and look for possible new acquisition targets.

Contact us

Close Brothers Invoice Finance
The Portland Building
27-28 Church Street
Brighton, BN1 1RN

T: 0127 305 9530 *

*Freephone from landlines

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